Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 37.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,804 shares of the real estate investment trust’s stock after selling 2,905 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Ryman Hospitality Properties were worth $529,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in shares of Ryman Hospitality Properties by 123.6% during the third quarter. SG Americas Securities LLC now owns 14,831 shares of the real estate investment trust’s stock worth $1,235,000 after purchasing an additional 8,199 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Ryman Hospitality Properties by 1.4% during the third quarter. State of Alaska Department of Revenue now owns 27,423 shares of the real estate investment trust’s stock worth $2,283,000 after purchasing an additional 369 shares during the last quarter. Peregrine Capital Management LLC boosted its holdings in shares of Ryman Hospitality Properties by 3.5% during the third quarter. Peregrine Capital Management LLC now owns 109,063 shares of the real estate investment trust’s stock worth $9,083,000 after purchasing an additional 3,710 shares during the last quarter. Cannon Global Investment Management LLC acquired a new stake in shares of Ryman Hospitality Properties during the third quarter worth $316,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Ryman Hospitality Properties by 3.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 38,630 shares of the real estate investment trust’s stock worth $3,217,000 after purchasing an additional 1,170 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Ryman Hospitality Properties Trading Down 0.9 %

Shares of RHP opened at $106.96 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 5.90. The firm has a market capitalization of $6.41 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 0.76 and a beta of 1.57. The stock’s fifty day simple moving average is $114.76 and its 200 day simple moving average is $106.64. Ryman Hospitality Properties, Inc. has a twelve month low of $79.86 and a twelve month high of $122.91.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend was Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 84.94%.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $119.74, for a total value of $1,938,470.86. Following the transaction, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at $2,109,579.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Truist Financial raised their price objective on Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Raymond James raised their price objective on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Company increased their target price on Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Ryman Hospitality Properties Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.